Morgan Keegan Cuts iRobot (IRBT) to Underperform, Target to $21

Morgan Keegan's Brian Ruttenbur downgraded shares of iRobot Corporation (NASDAQ: IRBT) from Market Perform to Underperform Thursday morning following Q4 results last night and the resulting 32 percent decline in the stock this afternoon. The analyst reduced his price target from $33 to $21.

For an analyst ratings summary and ratings history on iRobot Corporation click here. For more ratings news on iRobot Corporation click here.

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